LSE poised to acquire Turquoise

London Stock Exchange Group plc (LSEG) and Turquoise Trading Limited (Turquoise) announced on the 21 December 2009 their agreement to create a new pan-European trading venture through a merger of the businesses of Turquoise and Baikal Global Limited (Baikal).

The new venture, an FSA regulated Multilateral Trading Facility (MTF), will expand LSEG services across Europe in both lit and dark trading, and liquidity aggregation, with the express objective of driving European trading volume growth and promoting venue choice.

ESO: Background information: LSE closes in on deal to absorb Turquoise http://www.europeansources.info/record/lse-closes-in-on-deal-to-absorb-turquoise/

LSE: Press Release, 21.12.09: London Stock Exchange Group and global investment banks to partner in pan-European trading venture http://www.londonstockexchange.com/about-the-exchange/media-relations/press-releases/2009/londonstockexchangeandglobalinvestmentbankstopartnerinpaneuropeantradingventure.htm

Turquoise: Press Release, 21.12.09 http://www.tradeturquoise.com/press/turquoise_46.pdf

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